As much as I didn’t like the bailout bill that lost on Monday, I do recognize that we must do something. For those screaming, “NO! Let them fail!” that’s all well and good for you, but the ramifications are far-reaching. How many of you own small business that rely on lines of credit to pay employees? Or are you employed by a small business owner who uses LOCs? How many of you have children who need a student loan to go to college? How many want to buy your first home or sell the one you have before it’s foreclosed upon? All of these very common scenarios require loans and lending is at a standstill right now. Not to mention that lack of confidence in our fiscal situation is causing financial worries all over the world. It’s a poison pill, but I believe we HAVE to do it, or suffer the same scenarios that our parents and grandparents did during the Great Depression.I said yesterday that I hope that the Democrats use this opportunity to do a progressive version of the Shock Doctrine (i.e., pushing for legislation that rather than works against individuals’ interests works for them), a concept that Digby agrees with me on. “Progressive Shock Doctrine”
In other words, I would like our inept Congress to do something intelligent for a change, but I'll accept anything the Thugs throw at me. Just don't scare me anymore. Please!
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